51, PARK ROAD, WIVENHOE, COLCHESTER, CO7 9LS - £475,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

51 PARK ROAD is a small extended detached house of 88m², built sometime before 1900. It was last sold for £475,000 in September 2022, which was around 7% below the average September 2022 detached price in the Colchester local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

51 PARK ROAD Sold Prices

Land registry data shows four sales for 51 PARK ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the four 51 PARK ROAD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 21 SEP	£475,000	£512,793	7% below HPI
2014 28 MAR	£288,500	£311,614	7% below HPI
2008 4 SEP	£268,000	£272,212	2% below HPI
2000 19 APR	£125,000	£138,198	10% below HPI

51 PARK ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The four 51 PARK ROAD sales between April 2000 and September 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2014 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2022 sale, which was also at 7% below the HPI.

How Large is 51 PARK ROAD?

51 PARK ROAD is 88m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the smallest 40% of detached houses in Wivenhoe, based on EPC data. The below chart shows the distribution of detached houses by size in Wivenhoe, and where 51 PARK ROAD lies on this distribution: 31% of detached houses are smaller than 51 PARK ROAD, and 68% of houses are larger. Note that EPC data is not available for all properties in Wivenhoe.

51 PARK ROAD: Plot and Title Map

51 PARK ROAD sits on a plot of roughly 0.030 of an acre, or 123m². The below map shows the location of 51 PARK ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 51 PARK ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 51 PARK ROAD?

51 PARK ROAD is located in WIVENHOE, in the CO7 postcode district. The below map shows the position of No. 51 on PARK ROAD.